OCC and Fed Diverge on Stablecoin Reserve Rules Under GENIUS Act
- —OCC: 5% cash floor and 40% single-counterparty cap on reserves
- —Fed proposal sets no cash floor and no concentration percentage
- —Both agencies require redemption within two business days
- —OCC: issuers must notify within 24 hours if requests exceed 10% of issuance
Why it matters: Issuers face two incompatible reserve regimes, and which regulator they choose will shape stablecoin backing and economics from 2027.
Source: NullTX